Euro rises on Greek debt-deal hopes

The euro finished Wednesday’s session above $1.1050, its best performance since June 29, as investors held out hope that Greek leaders will strike an 11th-hour deal with the country’s international creditors, averting a default on money owed to the European Central Bank and a possible exit from the eurozone.

The euro EURUSD, +0.0181%  recently traded at $1.1069, up from $10.08 late Tuesday in New York.

The Wall Street Journal reported Wednesday that Greek negotiators have requested a three-year bailout program from the European Stability Mechanism, promising to implement proposed tax and pension reforms at the beginning of next week, if the deal is accepted.

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